Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Still a Buy?

Shares of Acerinox (OTCMKTS:ANIOY) gapped up before the market opened on Thursday . The stock had previously closed at $8.32, but opened at $8.70. Acerinox shares last traded at $8.70, with a volume of 207 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANIOY. Citigroup reiterated a “buy” rating on shares of Acerinox in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a report on Tuesday. Finally, Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Acerinox Stock Up 3.6%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. The firm’s 50-day moving average price is $7.62 and its 200 day moving average price is $7.32. The firm has a market cap of $4.33 billion, a P/E ratio of -86.79 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last issued its earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $3.88 billion. On average, equities research analysts expect that Acerinox will post 0.53 earnings per share for the current fiscal year.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.